India aims to raise its share of the global commercial space market from under 2% today to 8–10% over the next decade as part of a broader expansion strategy, aligning with ISRO chief statements and recent achievements such as landing a robotic spacecraft near the Moon’s south pole in 2023.

Chandrayaan-3 achievements are highlighted as a catalyst for momentum, with ISRO on track for its first crewed mission in early 2027.

The government has introduced a 1 trillion rupee Research, Development and Innovation Scheme to fund private-sector deep-tech projects (Technology Readiness Level 4 and above), with oversight by the Prime Minister’s Office to accelerate research and support lunar exploration and other space applications.

The 1 trillion rupee R&D scheme will fund projects with Technology Readiness Level 4 or above, emphasizing public-private collaboration and private-sector financing to accelerate market-ready innovations.

The government announced an 1 trillion-rupee scheme to finance deep-technology projects at TRL 4+ aiming for closer-to-market outcomes.

ISRO plans its first crewed mission in early 2027 to demonstrate readiness for sustained human operations in low Earth orbit and to support future lunar objectives, signaling near-term steps toward longer-term lunar goals.

A Bloomberg interview in Panchkula framed policy shifts, underscoring a broader strategic reorientation toward a more influential role in the global space economy and a diversified national space program.

India aims to scale its space economy to $40–45 billion within the next decade, driven largely by private firms in satellite manufacturing, launch services, and data analytics.

The country is shifting to a long-term, growth-focused space strategy centered on human spaceflight, commercial expansion, and private investment as part of its goal to become a developed economy by 2047.

Bloomberg notes private-sector leadership could drive India’s space economy from a modest base toward $40–45 billion over 8–10 years, with startups playing a key role.

The coverage contrasts India’s push with China’s space station and crewed lunar ambitions, highlighting the competitive landscape and India’s accelerating capabilities.

Plans envision a Bharatiya Antariksh Station by 2035 and a crewed lunar landing by 2040, signaling a shift from milestone missions to sustained human presence in space.

Space Minister Jitendra Singh has outlined timelines for a Bharatiya Antariksh Station by 2035 and a potential Indian crewed Moon landing by 2040, tying them to broader national development goals.

The government aims for a sustained lunar presence with a Bharatiya Antariksh Station by 2035 and a human lunar landing by 2040 as part of broader development by 2047.